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BSE: 532986 | NSE: NIRAJ | Engineering - Construction | Small Cap
1. Is Niraj Cement Structurals Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Niraj Cement Structurals Ltd is a below average quality company.
2. Is Niraj Cement Structurals Ltd undervalued or overvalued?
The key valuation ratios of Niraj Cement Structurals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Niraj Cement Structurals Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Niraj Cement Structurals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 1.5% | -0.4% | 4.7% | 1.1% | 0.6% | 0.6% | -2.9% | 1.5% | 1.1% | 2.8% | - | ||
| Value Creation Index ⓘ | -0.9 | -1.0 | -0.7 | -0.9 | -1.0 | -1.0 | -1.2 | -0.9 | -0.9 | -0.8 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 111 | 47.5 | 84.1 | 106 | 108 | 108 | 109 | 124 | 175 | 356 | 412 | ||
| YoY Gr. Rt. % | - | -57.3% | 76.9% | 26.1% | 1.8% | -0.3% | 1.5% | 13.1% | 41.4% | 103.9% | - | ||
| Adj EPS ⓘ | -5.3 | -5 | 1.9 | 0.6 | 0.4 | 0.6 | -3.1 | 1.4 | 0.5 | 1.4 | 0.8 | ||
| YoY Gr. Rt. % | - | NA | NA | -67.2% | -29.5% | 46.5% | -593.7% | NA | -65% | 177.6% | - | ||
| BVPS (₹) ⓘ | 131.2 | 126.2 | 127 | 127.6 | 118.9 | 98.4 | 82.3 | 83.2 | 43.3 | 44 | 44.3 | ||
| Adj Net Profit ⓘ | -5.7 | -5.4 | 2 | 0.7 | 0.5 | 0.9 | -5.8 | 2.6 | 2 | 5.4 | 3 | ||
| Cash Flow from Ops. ⓘ | 24.8 | -1.6 | 15.6 | -8.1 | -59.1 | 50 | 9.1 | -18 | -5.2 | 38.6 | - | ||
| Debt/CF from Ops. ⓘ | 2.7 | -51.5 | 6.1 | -13.1 | -2.2 | 1.1 | 2.3 | -1.1 | -5.9 | 0.4 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 13.8% | 27% | 48.3% | 103.9% | ||||||||
| Adj EPS ⓘ | NA | 25.9% | NA | 177.6% | ||||||||
| BVPS ⓘ | -11.4 | -18.1 | -18.9 | 1.5 | ||||||||
| Share Price | 6.4% | 0.1% | 25.8% | -12.8% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | -3.9 | -3.9 | 1.5 | 0.5 | 0.4 | 0.6 | -3.7 | 1.6 | 1.1 | 3.1 | 1.7 | |
| Op. Profit Mgn % ⓘ | 3.4 | 0.2 | 19.1 | 4 | 2.4 | -1.6 | 1.4 | 3.8 | 0.5 | 1.4 | 1.3 | |
| Net Profit Mgn % ⓘ | -5.1 | -11.4 | 2.4 | 0.6 | 0.5 | 0.9 | -5.3 | 2.1 | 1.1 | 1.5 | 0.7 | |
| Debt to Equity ⓘ | 0.5 | 0.6 | 0.7 | 0.8 | 1 | 0.4 | 0.1 | 0.1 | 0.2 | 0.1 | 0 | |
| Working Cap Days ⓘ | 778 | 1,833 | 1,067 | 877 | 989 | 947 | 729 | 603 | 475 | 256 | 259 | |
| Cash Conv. Cycle ⓘ | 327 | 541 | 148 | 142 | 318 | 404 | 271 | 161 | 111 | 60 | 116 | |
Sales growth is growing at healthy rate in last 3 years 48.27%
Sales growth is good in last 4 quarters at 148.61%
Return on Equity has declined versus last 3 years average to 1.70%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.8 | 0.7 |
| TTM Sales (₹ Cr.) | 412 | 412 |
| BVPS (₹.) ⓘ | 44.3 | 44.3 |
| Reserves (₹ Cr.) ⓘ | 138 | 138 |
| P/BV ⓘ | 0.68 | 0.68 |
| PE ⓘ | 39.61 | 41.31 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 26.00 / 40.40 |
| All Time Low / High (₹) | 4.16 / 239.60 |
| Market Cap (₹ Cr.) | 122 |
| Equity (₹ Cr.) | 40.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 27.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Niraj Cement Structurals was originally incorporated in India as Niraj Cement Structurals Private Limited on April 1, 1998 under the Companies Act, 1956 and was converted to Public Limited Company with effect from January 12, 2006.
The promoters the NCSL has more than 3 decades of experience in construction industry. NCS has grown from a modest pre-casting outfit in 1970s to a modern, state-of-the-art civil construction company specializing in the timely execution of complex projects in the areas of roads, flyovers, pedestrian subways, airport runways, dams, spillways, etc.NCSL started its foray into civil engineering in the year 1998.
It is an engineering and construction company focusing on road construction development. We were incorporated on April 1, 1998 as a private company. We took over the business of Niraj Cement Structurals (partnership firm) in December 1999, which was engaged in cement structural business since 1987. the company is engaged in construction of road projects through sub contracting. We are headquartered in Mumbai and have capability to execute various road construction projects.
Its present areas of operations are sub-contracting including providing EPC services. It has a fleet of construction equipment all of which it own directly or through its joint ventures.
The company enters into sub-contracting assignments primarily through a competitive bidding process. It aims to establish its direct presence over a period of time. As the project sizes are expanding it team with major contractors to meet specific eligibility requirements for certain larger projects, including requirements relating to particular types of experience and financial resources, it also enter into project-specific joint ventures with other construction companies at times as minor partners and EPC sub-contractor.
With success in the field as a major quality player, the Company diversified into other related activities of infrastructure development, building roads, airport upgradation, ready mix concrete and others. With a view to achieve quality and quantity output, the company decided to possess and own modern machineries.
As on date the Company owns Slipform Paver of Gomaco USA, Slipform Paver suitable for paving upto 16 mets of Gunteret & Zimmerman of USA. Transit Mixers of BNK Italy , Taurus Tippers with HYVA (Holland) hydraulic arrangements, Crusher 130M3/H Puzzolana, Batching Plant of 160 cum/hr of Simem Italy, Dry Lean concrete (DLC) paver of Ingersoll Rand, Switzerland make, Motor graders of Volvo, Earthmoving machineries of L&T Komatsu, Volvo, Escorts and many other machineries required for Construction and Infrastructure Projects for qualitative and quantitative output. All the equipments are with computerized operation and maintenance.
Projects Completed
Projects In Hand
